- reciprocal agreement
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n. Obligations assumed and imposed by two parties as mutual and conditional upon the other party assuming same obligations.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
reciprocal agreement
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reciprocal — re|cip|ro|cal [ rı sıprəkl ] adjective done according to an arrangement by which you do something for someone who does the same thing for you: a reciprocal agreement a reciprocal exchange a reciprocal arrangement/relationship a reciprocal visit ( … Usage of the words and phrases in modern English
reciprocal — /rɪ sɪprək(ə)l/ adjective done by one person, company or country to another one, which does the same thing in return ● We signed a reciprocal agreement or a reciprocal contract with a Russian company … Marketing dictionary in english
reciprocal — /rɪ sɪprək(ə)l/ adjective done by one person, company or country to another one, which does the same thing in return ● We signed a reciprocal agreement or a reciprocal contract with a Russian company … Dictionary of banking and finance
agreement — agree·ment n 1 a: the act or fact of agreeing by mutual agreement b: unity of opinion, understanding, or intent; esp: the mutual assent of contracting parties to the same terms if they reach agreement ◇ Under common law, agreement is a necessary… … Law dictionary
reciprocal — re‧cip‧ro‧cal [rɪˈsɪprəkl] adjective a reciprocal arrangement or relationship is one in which two people, countries etc do or give the same things to each other, usually so that each is helped in some way * * * reciprocal UK US /rɪˈsɪprəkəl/… … Financial and business terms
reciprocal link — UK US noun [countable] [singular reciprocal link plural reciprocal links] business a link that can be used to move between one website and another, created as part of an agreement between companies about sharing advertising … Useful english dictionary
Agreement — A*gree ment, n. [Cf. F. agr[ e]ment.] 1. State of agreeing; harmony of opinion, statement, action, or character; concurrence; concord; conformity; as, a good agreement subsists among the members of the council. [1913 Webster] What agreement hath… … The Collaborative International Dictionary of English
reciprocal concession — index composition (agreement in bankruptcy) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
reciprocal — ► ADJECTIVE 1) given, felt, or done in return. 2) (of an agreement or arrangement) bearing on or binding two parties equally. 3) Grammar (of a pronoun or verb) expressing mutual action or relationship (e.g. each other, they kissed). ► NOUN… … English terms dictionary
reciprocal trade — reciprocal trade, an arrangement between countries to reduce or do away with tariffs, duties, or import quotas, in trading with each other; a most favored nation trade agreement … Useful english dictionary
